Understand the psychological foundation that all traders require to be successful.
Take your mental resolve to the next level and improve your results.
Trading Psychology
Holiday Trading (End of Year)
A belated Happy New Year and Merry Christmas! (to whomever that applies). I hope you all spent some time with loved ones and re-centered yourselves in preparation for the new year that will come with new heights ergo new challenges.
The Meaning Of “Consistent Profitability”
In the Forex trading industry, “consistent profitability” is used so often, the actual meaning can become blurred.
It has become a phrase people use to pounce on newbie traders so these innocent traders can buy their course, lose thousands of dollars, and leave with nightmares about the Forex market.
How Long Does It Take To Be A Profitable Forex Trader?
The question most new traders do not ask? How long will I be losing for? How long, on average, will I be unprofitable?
Most entrepreneurs, who are seeking capital from investors, ask this question so that they’re not under pressure to turn a profit while a business is in its incubation period.
Knowing Your Limits
Trading in general, but particularly in the Forex market, requires that you have solid psychology when it comes to risk and loss.
A lot of new traders come to make boatloads of money sure, but nobody ever says “hey! while you’re making all that money, you’re gonna be losing some in the process”.
Growing Small Trading Accounts Into BIG Ones
This is what new Forex traders have been looking for! The answer on how to grow a small account into a big account that would solve all the world’s problems.
In this article, I will try my best to break down what goes into growing a small account and “flipping” it, as most would like to call it.
Breaking Down Win Rate (Percentage) For Traders
A trader’s win rate (percentage) is determined by the number of winning trades out of all the trades they have placed.
If you win 50 out of 100 trades, then your win rate sits at 50%. If you win 80 of 100 trades, your win rate is 80%.
3 Powerful Trading Sayings That You Should Follow
In trading, there are clues and nuggets that the great traders before us left behind. We can use this knowledge to summarize and dissect how the markets work.
Funny enough, some of these sayings and clues only make sense when they finally make sense!
How To Let Your Winning Trades Run
Cut your losses short, let your winners run. You know the saying, but do you apply it in your trading? I can tell you now that most people do the exact opposite – They cut their winners short and hope losing trades will magically move in their favour.
When Trading Gets Tough, FOCUS On Your Growth
Trading, and the Forex market especially, can be a very cutthroat industry. Everything is supposed to be summed up by your bottom-line. You either made your bed, or you wet the bed, but I need you to know there is a lot that goes on behind the bottom line.
Monitor Your Thoughts
Did you know that the average human being has 60,000 thoughts a day?
Within the trading industry, our thoughts can predominantly be negative ones that don’t serve us. The things that happen around us are a product of our thoughts.
So imagine having just a tenth of your thoughts about the Forex Markets, and now imagine those thoughts not being positive ones.